CAUSES OF THE FINANCIAL CRISIS
By V. Acharya, Matthew Richardson. 2009
538 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/6002ef13104361303141bcd4efb4ffc89e5e5e57
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Citations in the corpus
- Shadow Banks and Macroeconomic Instability (2017, unknown): “…balance sheet of the originator, and investors have a claim on the cash flows from the pool, after servicing fees. for commercial banks to hold highly-rated securitized assets rather than loans by offering capital relief on the former, so-called regulatory arbitrage (Acharya and Richardson, 2009).”
- Reaching for Yield in the Bond Market (2013, unknown): “10 Acharya and Richardson (2009) describe such guarantee-driven risk-shifting in banks. 11 This is similar to Peltzman’s (1975) “belted-milquetoast-turned-daredevil” effect.”
- How did Financial Reporting Contribute to the Financial Crisis? (2010, background): “16 An additional challenge bank investors face is that for reputational or other reasons, the bank may assume more risk related to the SPE’s assets than is required by the securitization agreement.”
- Are All Ratings Created Equal? The Impact of Issuer Size on the Pricing of Mortgage-Backed Securities (2012, unknown): “Panel A: AAA Tranches Only, No Issuer Fixed Effects (1) (2) (3) (4) (5) (6) (7) (8) Issuer Share 0.”
- The Risk Sensitivity of Capital Requirements: Evidence from an International Sample of Large Banks* (2013, background): “…markets.* Some commentators argue that one reason why banks held insufficient capital as they entered the crisis was because regulatory capital requirements were insufficiently attuned to the riskiness of bank activities (Acharya and Richardson, 2009; Basel Committee, 2009; 2011; Hellwig, 2010).”